Complicated thing, house prices.
I think lower house prices would be a good thing generally. However, actual house prices themselves are not the primary issue. It's the change which is a killer.
Falling house prices lower spending, confidence and construction. Rising house prices obviously the opposite.
Not that those things will drive the economy alone, but together with overall credit and interest rates they can certainly have a significant impact.
Mostly I agree with Commerdriver above [I think it was him]. We can see the activities being driven by Brexit, but I don't think much of the impact or consequence can be seen at this time, good or bad. What we're looking at is hints and clues.
Also, the impact will likely be a direction of travel rather than a huge jump in one direction or the other. A general deterioration over time, or improvement I guess.
I can't quite see how Brexit can have affected house prices at this stage unless from a lowering confidence in the economy perspective.
Last edited by: No FM2R on Mon 23 Jul 18 at 11:52
|